Page 2 - Etf Funds

Axis AMC expects to garner Rs 100 cr from US treasury dynamic bond ETF

Axis Mutual Fund on Tuesday launched an open-ended fund of ETF -- wherein the underlying investments comprise US treasury securities -- and is expecting to garner at least Rs 100 crore in the opening week. The seventh largest fund house expects to mop up at least Rs 500 crore from the US treasury dynamic bond ETF in the next one year. The fund house said the NFO, which will be managed by Vinayak Jayanath, will close on December 19. If redeemed/switched-out within one month from the date of allotment, the fund house will charge an exit load of 0.25 per cent, it said, adding that if redeemed after one month from the date of allotment, there will be no such charges. The ETF is benchmarked against the Bloomberg US intermediate treasury index, and has the primary investment objective of providing regular income by investing in units of overseas ETFs, B Gop Kumar, the chief executive of the company, said.

Govt scouts for advisor to manage Bharat Bond ETF's AUM worth Rs 50,000 cr

The government is looking to appoint a consultant to advise it on managing the Bharat Bond ETF, whose asset under management (AUM) has crossed Rs 50,000 crore since its launch in 2019. The Bharat Bond Exchange Traded Fund (ETF) comprises bonds of CPSEs, CPSUs, Central Public Financial Institutions (CPFIs) and other government organisations. These institutions have issued bonds and raised debt of Rs 33,400 crore since 2019, using the ETF platform. The Department of Investment and Public Asset Management (DIPAM) on Friday issued an RFP for appointing an advisor/consultant with experience and expertise in advising or who has been involved in a relevant capacity in the launch of an ETF/Debt ETF /Debt MF/ index linked fund/corporate bonds issuances. Merchant bankers/investment bankers/consulting firms/financial institutions; either individually or as a consortium; can bid to act as the advisor/consultant. The advisor will analyse, assist and advise on the possible monetisation of the de

This data point shows global investors are again looking towards India

India-focused offshore funds and exchange-traded funds (ETFs) registered the highest-ever quarterly inflow of $7.97 billion in the September quarter

Listed global funds pour $1.3 bn into India's equity markets in September

The strong inflows from listed funds into the domestic markets come on the back of an increase in India's weightage

Bitcoin gives up gains after BlackRock denies ETF approval report

In a post on X, Coin Telegraph apologized for its earlier post, which it said "led to the dissemination of inaccurate information"

Best-performing India-focused offshore equity funds, ETFs in June quarter

Ashoka WhiteOak India Opportunities A USD Acc was the top-performing fund among the top 10 largest India-focused offshore funds and ETFs.

India-focused offshore funds, ETFs see inflows for fourth quarter in a row

India-focused offshore funds and ETFs are some of the prominent investment vehicles through which foreign investors invest in Indian equity markets.

Bitcoin breaches $30k-mark fuelled by Powell's comments, spot ETF filings

US Fed chair Jerome Powell on Wednesday said they see 'payment stablecoins as a form of money'

India-focused offshore funds, ETFs inflow drop 9% to $803 mn in Q4

India-focused offshore funds and exchange-traded funds (ETFs) witnessed a 9 per cent quarter-on-quarter decline in inflows to USD 803 million in the January-March period, mainly due to an uncertain global economic environment, according to a Morningstar report. However, this was the third consecutive quarter of inflow. Before that, such funds saw 17 quarters of net outflows in a row. India-focused offshore funds and ETFs are some of the prominent investment vehicles through which foreign investors invest in the Indian equity market. Going by the report, the category received a net inflow of USD 803 million during the January-March quarter of 2023, which was slightly lower than the net inflow of USD 884 million during the quarter ended December 2022. Flows into offshore funds are generally considered to be long-term in nature, whereas flows into offshore ETFs indicate predominantly short-term investments. Going ahead, investors would also look for cues from the scenario that unfold

Gold ETFs acquire patina of 4-year low investment in FY23, shows data

Returns, however, beat other asset classes

MFs open international funds for investments ahead of new tax rules

Franklin Templeton, Mirae Asset, Edelweiss mutual funds resume international schemes

Three-fold growth in index fund AUM in 2022, ETF assets cross Rs 5 trn

Index fund growth led by debt schemes, with fund houses launching target maturity funds this year

Gold ETF flows shrink despite superior returns, shows Amfi data

Between October 2021 and September 2022, gold prices rose over 9.5 per cent even as ETF inflows shrunk to a half

A Balasubramanian re-elected Amfi chairman, Sundeep Sikka to head ETF panel

Vishal Kapoor remains head of committee of certified distributors, Nilesh Shah and Navneet Munot stay as chief of valuation committee and equity CIO panel, respectively

Despite price fall, domestic gold trading at a discount to imports

In Mumbai, the yellow metal is going at a discount of $7-10 per ounce while in Ahmedabad it is $7

EPFO to provide safer, more stable returns to those nearing retirement

The organisation will invest a higher percentage of the money from young subscribers into equity. For those nearing retirement, the money will be invested in a safe debt

MFs flock to silver ETF space with new schemes; collect Rs 1,400-cr assets

As per industry data, so far, Aditya Birla Sun Life Mutual Fund, ICICI Prudential Mutual Fund and Nippon India Mutual Fund have launched silver ETFs

EPFO made over Rs 67,000 crore from exchange-traded funds, shows data

Annual ETF investments of nearly Rs 36,000 cr on average since 2019-20

Target maturity funds are better than FMPs for locking in returns

They are more transparent and control both interest-rate and credit risk

Net inflows into gold exchange-traded funds down 34%, shows data

Investors are likely to continue to invest in gold ETFs as a means to diversify their portfolio and hold gold ETFs as a hedge against market risks